Paccar Inc Gets a Buy Rating from BMO Capital

By Carrie Williams

In a report released today, Joel Tiss from BMO Capital reiterated a Buy rating on Paccar Inc (NASDAQ: PCAR), with a price target of $80. The company’s shares closed yesterday at $64.92.

According to TipRanks.com, Tiss is a 4-star analyst with an average return of 11.0% and a 63.2% success rate. Tiss covers the Industrial Goods sector, focusing on stocks such as Carlisle Companies Inc, John Bean Technologies, and Wabash National Corp.

Currently, the analyst consensus on Paccar Inc is Hold and the average price target is $74.22, representing a 14.3% upside.

In a report issued on April 17, RBC Capital also reiterated a Buy rating on the stock with a $82 price target.

Paccar Inc’s market cap is currently $22.84B and has a P/E ratio of 13.67. The company has a book value ratio of 2.8369.

Based on the recent corporate insider activity of 105 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PCAR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

PACCAR, Inc. is a global technology company which engages in the design, manufacture of light, medium, and heavy-duty trucks. It operates through the following segments: Truck, Parts, Financial Services and Other.